Moody National Bank Trust Division Lowers Stake in American Water Works Company, Inc. (NYSE:AWK)

Moody National Bank Trust Division lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWKGet Rating) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,850 shares of the utilities provider’s stock after selling 1,232 shares during the period. Moody National Bank Trust Division’s holdings in American Water Works were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of American Water Works during the 4th quarter valued at $25,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of American Water Works during the 4th quarter valued at $31,000. Quent Capital LLC purchased a new stake in shares of American Water Works during the 4th quarter valued at $32,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of American Water Works during the 1st quarter valued at $33,000. Finally, Consolidated Planning Corp purchased a new stake in shares of American Water Works during the 3rd quarter valued at $38,000. Institutional investors own 82.77% of the company’s stock.

Shares of AWK opened at $137.01 on Thursday. The business’s 50-day moving average is $149.93 and its two-hundred day moving average is $159.32. The company has a market capitalization of $24.90 billion, a P/E ratio of 19.32, a P/E/G ratio of 3.73 and a beta of 0.45. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.47 and a current ratio of 0.52. American Water Works Company, Inc. has a fifty-two week low of $129.45 and a fifty-two week high of $189.65.

American Water Works (NYSE:AWKGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.12. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $872.01 million. American Water Works had a return on equity of 11.25% and a net margin of 33.16%. During the same period last year, the firm earned $0.73 EPS. Analysts forecast that American Water Works Company, Inc. will post 4.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Tuesday, May 10th were given a dividend of $0.655 per share. The ex-dividend date was Monday, May 9th. This is a boost from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.91%. American Water Works’s dividend payout ratio (DPR) is 36.95%.

In related news, EVP Melanie M. Kennedy sold 1,029 shares of American Water Works stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $145.52, for a total value of $149,740.08. Following the sale, the executive vice president now directly owns 12,054 shares in the company, valued at approximately $1,754,098.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melanie M. Kennedy sold 693 shares of American Water Works stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $152.10, for a total value of $105,405.30. Following the completion of the sale, the executive vice president now owns 11,361 shares in the company, valued at $1,728,008.10. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on the company. HSBC upgraded American Water Works from a “hold” rating to a “buy” rating and reduced their target price for the stock from $190.00 to $182.00 in a research note on Wednesday, February 23rd. StockNews.com assumed coverage on American Water Works in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wells Fargo & Company raised their target price on American Water Works from $148.00 to $156.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $175.22.

American Water Works Profile (Get Rating)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

Further Reading

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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